5340 Hwy 20th S, Covington, GA 30016-8085
- Strip malls
- 78,800 SF
- 17.98 lot acres
Current Use by Public Records
- Strip malls
Property Details for 5340 Hwy 20th S
- Year built
- 1997
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 17.98 lot acres
- Zone code
- C1
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 0007A-00000-039-000
- APU
- 0007A00000039000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 21, 2019 | — | Nams Dev LLC | — | Deed · related | $510k · Noa Bk |
| Dec 30, 2009 | — | Wstn Covington Newton C Inland | — | Deed Of Trust · related | $500M · J P Morgan Chase Bank |
| — | — | Nams Dev LLC | — | Loan Modification · related | $510k · Noa Bk |
Description
This exceptional retail opportunity presents itself in the form of Newton Crossroads, a Kroger-anchored shopping center located at 5340 Highway 20 in Covington, Georgia, 30016. The property boasts a total of 78,896 square feet and comprises two suites within a multi-tenant shopping center. Currently, there are 4,200 square feet of vacant retail space available, offering flexible options for prospective tenants. Units are divisible to a minimum of 1,200 square feet, with a maximum contiguous space of 3,000 square feet, making it ideal for a variety of retail businesses. The strategic location in Newton County provides excellent visibility and accessibility, benefiting from the high traffic volume generated by the anchor tenant, Kroger. This presents a unique chance to establish a presence in a thriving retail environment. The property's prime location and the availability of well-sized, adaptable spaces make it an attractive investment for businesses seeking to expand or establish themselves in the Covington market. The address is easily accessible from Highway 20, ensuring high visibility and convenient access for customers. This is a rare opportunity to secure space in a well-established and successful shopping center.
Value Estimations
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $12,925,000
- RESTAURANT
- $10,880,000
- MEDICAL BUILDING
- $8,750,000
- AUTO REPAIR, GARAGE
- $7,635,000
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Location Insight
- Map
- Local Demand
- City
- Covington
- County
- Newton
- State
- Georgia
- Longitude
- -84.0153
- Latitude
- 33.5498
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
